The General Motors asset sell-off is netting some transactional work for Detroit law firms, which have long depended on the auto industry for billable hours. One of those Detroit heavies, Honigman Miller Schwartz & Cohn, advised General Motors on its deal to sell the Hummer brand to a Chinese investment vehicle. The deal, signed on Friday, requires the approval of at least three different Chinese state regulators, according to Reuters.
Honigman, Shearman Help GM Unload Hummer to Chinese Company
The American Lawyer
October 14, 2009